Corient Private Wealth LP Lowers Holdings in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Corient Private Wealth reduced its Allison Transmission stake by 31.5% in the second quarter, selling 41,170 shares and retaining 89,557 shares valued at approximately $10.1 million. Institutional investors collectively own 96.9% of the company.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $131.17, although several firms maintain neutral ratings.
• Allison Transmission reported stronger-than-expected quarterly results, posting $2.73 in EPS and $1.57 billion in revenue, while revenue increased 92.4% year over year. The company also maintains a quarterly dividend of $0.29 per share, yielding about 1.0%.

Corient Private Wealth LP lowered its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 31.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,557 shares of the auto parts company's stock after selling 41,170 shares during the period. Corient Private Wealth LP owned approximately 0.11% of Allison Transmission worth $10,097,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vise Technologies Inc. acquired a new position in Allison Transmission during the 2nd quarter worth $1,047,000. BlackRock Inc. acquired a new stake in Allison Transmission in the 2nd quarter valued at about $448,232,000. Natixis Advisors LLC raised its position in Allison Transmission by 5.3% in the 4th quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company's stock valued at $27,903,000 after purchasing an additional 14,445 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of Allison Transmission by 52.2% in the 4th quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company's stock valued at $2,896,000 after buying an additional 10,145 shares during the period. Finally, Brandes Investment Partners LP purchased a new position in shares of Allison Transmission in the 4th quarter valued at about $46,647,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup cut their target price on shares of Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a "neutral" rating in a report on Monday, July 13th. Weiss Ratings upgraded shares of Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Finally, Morgan Stanley increased their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Allison Transmission has a consensus rating of "Moderate Buy" and a consensus price target of $131.17.

Insider Buying and Selling at Allison Transmission

In related news, CEO David Graziosi sold 26,708 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the sale, the chief executive officer directly owned 304,843 shares of the company's stock, valued at $40,534,973.71. The trade was a 8.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric Scroggins sold 1,050 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the transaction, the insider owned 16,604 shares of the company's stock, valued at $2,075,500. This represents a 5.95% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by company insiders.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $118.61 on Thursday. The stock's 50-day simple moving average is $122.53 and its 200-day simple moving average is $120.58. The firm has a market capitalization of $9.79 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 0.63 and a beta of 0.98. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company posted $2.29 earnings per share. The firm's quarterly revenue was up 92.4% compared to the same quarter last year. As a group, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 10.27 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 21st. Allison Transmission's dividend payout ratio (DPR) is 18.44%.

Allison Transmission Company Profile

Allison Transmission, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and military vehicles. Its products are used in applications including trucks, buses, motorhomes, refuse and construction vehicles, and other medium- and heavy-duty vehicles.

The company also develops electrified propulsion technologies, including hybrid-electric systems and electric axles, as well as transmission controls, parts, service, and support offerings. Its products are marketed to original equipment manufacturers, fleet operators, and distributors worldwide, with customers across North America, Europe, Asia, Australia, and other international markets.

Founded in 1915 by James A.

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